Disney is expected to add cash to its bid for Twenty-First Century Fox assets, sources tell CNBC. The move comes days after CNBC parent Comcast launched a $65 billion cash bid for the assets, which include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol Shine Group and Hulu as […]
Read moreThe Federal Reserve’s decision to hike short-term interest rates is big news for investors. The Fed raised the federal funds rate a quarter percentage point — to 2 percent, from 1.75 percent — last week and signaled that it plans another two hikes this year. The change brings the rate — which sets the terms […]
Read moreMicrosoft has acquired Flipgrid, an education start-up with an app that lets students record and share videos on specific topics with their classmates. Terms of the deal, announced Monday, weren’t disclosed. The move shows Microsoft remains eager to win share in education, where Google’s Chromebooks have become popular. Microsoft is making Flipgrid free of charge. […]
Read moreBJ’s Wholesale Club expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion. At the top end of that range, the offering of 37.5 million shares would raise $637.5 million. The company, which was taken private in 2011 […]
Read moreProperly investing requires taking the time to create an investment strategy so that you have a plan that allows you to stick with it when things get tough. Investing without an established plan increases your risk. Following an investment strategy is something that everyone should be doing to ensure that they are getting the most […]
Read moreHigh-flyer Boeing just hit an air pocket, closing out last week with its worst weekly losses since March, on worries over an escalating trade war with China. Newton Advisors technical analyst Mark Newton is urging caution on the Dow leader. “Boeing is unattractive in the short run,” Newton said Friday on CNBC’s “Trading Nation.” “It […]
Read moreNvidia shares will rise as the chipmaker benefits from governments using artificial intelligence technology to monitor its citizens, according to a Wall Street firm. UBS raised its price target to $285 from $266 for Nvidia shares, citing the company’s leadership in the machine learning chip and software markets. Nvidia offers its “Metropolis” platform, which enables […]
Read moreCurrency, United States Finance
Goldman Sachs still sees oil rallying over $80 despite market concerns over key OPEC meeting
Goldman Sachs still expects the price of oil to climb back above $80 a barrel over the coming months, despite growing concerns over higher OPEC crude production, escalating trade wars and rising inventories. Crude futures were mixed Monday, following a week of losses partly prompted by elevated fears that Saudi Arabia and Russia could soon […]
Read moreWalt Disney Co. is boxed into a corner by Comcast’s bid for the same 21st Century Fox assets it wants, according to Pivotal Research Group, which downgraded the shares to sell from hold on Monday. “The stock’s recent run-up fails to reflect that a higher price paid for Fox’s Entertainment assets would reduce the value […]
Read moreMellanox Technologies, a chipmaker based in Israel and the United States, is close to reaching a deal with activist investor Starboard Value over the composition of its board of directors, people familiar with the matter said on Sunday. The agreement would come after the chipmaker, which had a market capitalization of roughly $4.5 billion at […]
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